ICmarkets
Short

EURJPY Testing Resistance, Potential Reversal!

FX:EURJPY   Euro / Japanese Yen
EURJPY is testing its resistance at 126.68 (100% Fibonacci extension , 78.6% Fibonacci retracement , horizontal swing high resistance) where it is could reverse down to its support at 125.59 (horizontal pullback support).
Stochastic (89, 5, 3) is approaching its resistance at 96% where a corresponding reversal is expected.
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